UN sees lingering labour woesComment on this story
Berlin - The United Nations labour agency warns that the lingering effects of the global economic crisis means unemployment will continue to rise - even though world economies are expected to pick up.
The International Labour Organisation said in a report released on Tuesday the net number of unemployed people rose by four million in 2012 to 197 million overall. It is expected to rise by 5.1 million in 2013, and by another three million in 2014.
ILO Director-General Guy Ryder says: “An uncertain economic outlook, and the inadequacy of policy to counter this, has weakened aggregate demand, holding back investment and hiring.”
The global unemployment rate during the crisis peaked at 6.21 percent in 2009 and was 5.93 percent in 2012. It's expected to reach 6.01 percent in 2013 and 2014. - Sapa-AP